Tuesday, November 19, 2019

Home Depot Cuts 2019 Sales Guidance; Shares Plunge - Quick Facts

The Home Depot (HD) announced, for fiscal 2019, the company now expects sales to grow by approximately 1.8 percent and comp sales for the comparable 52-week period to increase approximately 3.5 percent. Previously, the company projected sales growth of 2.3 percent and comp sales growth of 4.0 percent. The Home Depot reaffirmed fiscal year earnings per share guidance and expects earnings per share growth of approximately 3.1 percent from fiscal 2018 to $10.03.

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